Weekly Wrap discussion: All eyes remain on Carvana
The Auto Finance News editors discuss the top stories for the week ended Dec. 9. Last week, all eyes were on Carvana as the retailer hired a financial advisor and the company’s major creditors signed a truce to prevent fighting amid a potential restructuring.
Ally Financial Chief Executive Jerry Brown said he sees minimal exposure risk to Carvana’s woes. Still, website traffic for the retailer has been declining for three months, and consumer complaints continue to increase.